Recent Podcast Episodes
Socialism Isn’t about Creating Economies. It Is about Amassing Political Power
Most socialists are not misguided about how to have a prosperous economy, for that is not their goal.
Influencers and Subjective Value: They Have Something to Teach Us
The latest from the world of social media is the role of "influencers." There is a perfectly good economic explanation for their popularity.
How Banking Could Work
Jeff and Bob walk through the mechanics of how a full reserve bank could work in a truly free market based on the concepts and taxonomy of Mises’s Theory of Money and Credit.
Inflation Can Get Much Worse
Mark looks at the impact of hyperinflation in Zimbabwe, where the government's monetary policy is manifesting itself in some interesting ways.
Libertarian Law by Democratic Means: Utilitarianism and the Demythologization of Authority
Mises saw essentialist values as fallacies because they were unverifiable and saw metaphysical ideas as a key component of authoritarianism. His solution was utilitarianism.
The Fear of Mass Unemployment Due to Artificial Intelligence and Robotics Is Unfounded
Ever since the Luddites rampaged through British textile factories in the early 1800s, people have feared that technology will result in mass unemployment. They were wrong then and are wrong now.
The Political Response to our Banking Crisis
Ryan and Tho welcome Peter St. Onge to discuss the political response to the recent turmoil in the banking system.
Nonmeasure for Nonmeasure
How do people in a pluralistic society live peacefully with each other? In his review of Kenneth McIntyre's book, David Gordon points to negative liberty as the best way to preserve values.
Silicon Valley Bank and the Failure of Fractional Reserve Banking
The story of the failure of Silicon Valley Bank is the story of nearly every bank failure. Fractional reserve banking invites the risky behavior that brings down the banking system.
Reparations Are a Statist Cudgel for Bludgeoning Property Owners
San Francisco, as well as the government of California, is calling for millions in "reparations" for black people in that state. Reparations, unfortunately, are fast becoming another anti-property-owner racket.
The Theory and Practice of Conspiracy
Collusion was a way of life with state-chartered enterprises. Little has changed, as firms with political connections still gain profits from their collusion with the state.
Whither Goest the Entrepreneur
The Ludwig von Mises Memorial Lecture, sponsored by Yousif Almoayyed.
Looming Bank Failures Point to More Price Inflation as Real Wages Fall Again
Even if Powell is sincere in this stated desire to slay inflation with more rate hikes, recent bank failures will put the Fed under enormous pressure to end its rate hikes and to once again embrace easy money to save the banks and Wall Street.
The Other Covid Crisis: Prospects for Recovery from Pandemic Policies
The F.A. Hayek Memorial Lecture, sponsored by Greg and Joy Morin.
Yes, the Latest Bank Bailout Is Really a Bailout, and You Are Paying for It.
The Fed is launching a new billionaire bailout designed to keep banks afloat, and the FDIC is promising to back potentially trillions in deposits. The taxpayer will ultimately be on the hook.
A Bank Crisis Was Predictable. Was the Fed Lying or Blind?
Welcome to Whose Economy Is It, Anyway?, where the rules are made up and the dollars don’t matter. Or at least that seems to be the view of the Yellen regime.
The Phillips Curve Is an Economic Fable
Keynesians and fellow travelers hold the Phillips curve to be sacrosanct. But because the Phillips curve cannot establish causality, it is useless as economic theory.
Government Is as Government Does
If we have learned anything from hundreds of years of government oppression and atrocities, one thing is certain: government isn't our friend.
How Easy Money Killed Silicon Valley Bank
The incredible growth and success of SVB could not have happened without negative rates, ultra-loose monetary policy, and the tech bubble that burst in 2022.